GBPUSD- 25Feb2022
On the daily, price broke down below the MAs and trendlines.
On the H4, GBP broke down from the previous parallel channel. The price also broke down from the triangle with downside target to around 1.30500. Price could potentially bounce to 1st Resistance at 1.35010 before facing further downside pressure.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price broke down below the MAs and trendlines.
On the H4, GBP broke down from the previous parallel channel. The price also broke down from the triangle with downside target to around 1.30500. Price could potentially bounce to 1st Resistance at 1.35010 before facing further downside pressure.
This is for personal record purposes only, not financial advise or solicitation of trade.